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, When do you think 's SFD Home Prices will Peak.. turn to a Buyers Market?

How can you get More Listings SOLD?
Over Priced Listings are still the #1 problem (59% expiry rate in 2013): Only 26% of last years listings were listed on the money to be sold without having to reduce the listing price.

How can make your CMA's More Powerful and get a higher conversion at the RIGHT PRICE?

Over 1,000 CMA'S this Year have used these Advanced tools to get those sharper prices!

The ABSOLUTE Most Accurate Home Price Index (paired) HPIp now enables you to see the Home Value Histories, the Current Values to help you create your instant CMA's and soon to come the Forecasts

, may we show you how we help so many? (Yes)

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Price Reductions Work! In August, in the Vancouver area, 47% of the single family home sales over 30 Days On Market REDUCED their list price by $45,000 (median)
At the same time 59% of the August single family sales in FV/Chilliwack that were over 30 DOM REDUCED their list price by $19,994 (median)
Note: 61% of the listings now expiring had no price reduction! Last year 63.5% of the listings expired!

Index Abbotsford Burnaby North Burnaby Chilliwack Coquitlam North Delta Delta Ladner Langley N. Langley Vancouver Real Estate Investments Maple Ridge Mission New West Port Coquitlam Port Moody Richmond Surrey West Surrey East South Surrey White Rock Vancouver Westside Downtown-West End East Vancouver West Van North Van

Sponsored in part by Virtual Real Estate Assistants

New Westminster - Burnaby East

Apr 1, 2024

Current: New West & E. Burnaby's Residential Detached housing is in a Seller Market with 19 %SOLD rate.
(meaning 19 homes out of 100 sold last month with an average $36,400 decrease from the original list price)

Most Active Range: Homes between $1.4 mill.- $1.6 mill. have 33.3 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have 2.3 %SOLD rate.

History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $12,545.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $36,000.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: New Westminster- East Burnaby has an average Listing Supply; 99 homes are for sale and with the 14 %SOLD Monthly Rate giving us a ~7 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Stable Market. 8% of the Active Listings have Reduced their Price by $82,875 on Average and $51,000 on Median for the last month.

Greater Vancouver March 2024:

The average monthly cost for single-family detached homes has risen by $18,256, marking a slight decrease from February's average price of $20,376. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Vancouver's condo market, 67% of condos have experienced an average price decrease of $8,951. Conversely, the average price of townhouses has climbed to $10,973, we are forcasting a continued Sellers Market.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

Fraser Valley March 2024:

The average monthly cost for single-family detached homes has risen by $13,015, marking a slight decrease from February's average price of $19,686. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Fraser Valley's condo market, 75% of condos have experienced an average price decrease of $3,434. Conversely, the townhouse market's average price has climbed to $9,716, we are forcasting a continued Sellers Market.

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.